CAclubindia News
Higher Taxes Will Drive Capital Away, Warns CEA Nageswaran
17 December 2024 at 09:20Chief Economic Advisor (CEA) V Anantha Nageswaran emphasized on Friday that taxing capital less may not significantly boost investments, but taxing it more could deter capital flow and harm the economy.
Rs 4.67 Crore Tax for D Gukesh: Fans Target FM Sitharaman After Chess Win
17 December 2024 at 09:17While the nation celebrated Gukesh's incredible achievement, a section of fans humorously congratulated the Income Tax Department and Finance Minister Nirmala Sitharaman
New Income-Tax Bill Unlikely in Budget 2025 Session
17 December 2024 at 09:13The Finance Ministry is unlikely to introduce the much-anticipated new Income-Tax Bill during the upcoming Budget session of Parliament.
CAG Report Flags Rs 755.49 Crore GST Revenue Loss in Commercial Tax Department
16 December 2024 at 09:11A Comptroller and Auditor General (CAG) report tabled in the Assembly on Thursday has highlighted significant revenue lapses within the Goods and Services Tax (GST) and Stamps and Registrations Departments.
IT Department Issues Notices to Indian Residents for Undeclared Foreign ESOPs and Assets
16 December 2024 at 09:07Notices are being sent to employees of MNCs holding ESOPs from foreign parent companies, especially those who failed to declare dividend income or ownership of such shares in their ITRs.
GST Registration Advisory: Biometric Aadhaar Authentication and Document Verification Rolled Out in Chhattisgarh, Goa & Mizoram
16 December 2024 at 09:01Advisory for Biometric-Based Aadhaar Authentication and Document Verification for GST Registration Applicants of Chhattisgarh, Goa and Mizoram
Retailers Oppose 35% GST Slab, Urge Finance Minister and Council to Reconsider
14 December 2024 at 09:11The Indian Sellers Collective, a coalition of trade associations and sellers across India, has strongly opposed the proposal for a fifth GST slab with a 35% rate on demerit goods like aerated beverages, cigarettes, and tobacco.
West Bengal Passes GST Amendment Bill 2024 Aligned with Council Recommendations
14 December 2024 at 09:10West Bengal Finance Minister Chandrima Bhattacharya on Wednesday presented the West Bengal Goods and Services Tax (Amendment) Bill, 2024, aligning the state’s GST framework with recommendations ratified by the GST Council.
Income Tax Refunds Soar 46.31% to Rs 3.08 Lakh Crore in FY 2024-25 - Finance Ministry
14 December 2024 at 09:10The Ministry of Finance announced a remarkable 46.31% surge in income tax refunds issued during the period of April 1 to November 27 in the financial year 2024-25, compared to the same period in 2023-24.
States Express Mixed Reactions to Proposed GST Rate Rationalisation Ahead of 55th GST Council Meeting
13 December 2024 at 06:25The GoM tasked with GST rate rationalisation has presented proposals that have elicited a mixed response from states, with many expressing concerns about the timing and economic implications of the changes.
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